GOLD TREND FOR TODAY- 16-Dec-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 31186 or buy with strict stop at 28605. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28605.Resistance for the Gold is 29749-29919-29952-30073-30157-30347-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 29193 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29684.9 with a stop at 29276.5 Below 29179.9 go for sell and put stop at 29587.9
Intraday Resistance of GOLD are 29593.1 : 29726.7 : 29689.9 : 29725.7
Intraday Support of GOLD are 29270.9 : 29137.3 : 29175.2 : 29139.7

 

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